SCHEDULE 13G: GMT Capital and Thomas Claugus Disclose 9.33% Stake in Integra Resources Corp.
Beneficial Ownership Disclosure
GMT Capital Corp. and its control person, Thomas E. Claugus, have disclosed a beneficial ownership of 9.33% in Integra Resources Corp.'s common stock as of December 31, 2024.
Summary
- GMT Capital Corp. and Thomas E. Claugus collectively beneficially own 15,734,738 shares of Integra Resources Corp. common stock.
- This ownership represents 9.33% of the total outstanding common stock of Integra Resources Corp.
- The percentage is calculated based on 168,571,712 shares of common stock outstanding as of September 30, 2024, as reported by Integra Resources Corp. on Form 6-K filed November 13, 2024.
- GMT Capital Corp. is identified as an Investment Adviser (IA), and Thomas E. Claugus is identified as a Control Person (HC).
- The shares are held with shared voting power and shared dispositive power by both reporting persons.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by an investment firm and its principal, common in the financial industry for transparency regarding large holdings in publicly traded companies.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor's stake provides transparency regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date as of which Integra Resources Corp. reported 168,571,712 common shares outstanding on Form 6-K. |
| 2024-11-13 | Date Integra Resources Corp. filed its Report on Form 6-K with the SEC. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-02-14 | Date of filing of this Schedule 13G statement. |
Keywords
Integra Resources Corp., GMT Capital Corp., Thomas E. Claugus, Beneficial Ownership, Schedule 13G, Common Stock, SEC Filing, Investment Adviser, Control Person, Shareholding Disclosure
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